Payout configuration

In order to receive payouts from Fortumo, you first need to configure your payout settings on the Fortumo Dashboard under Payout configuration (make sure you are logged in first).

Please fill in all requested details to ensure the smooth processing of your payouts, and use Latin characters. The payout can be processed only when all required information has been filled in.

You can select between two options: payout to a private individual or to a company.

When choosing payout to a private individual, do not forget to provide your full name (first and last name) and personal identification code – the code that identifies you as a citizen of your country. When selecting payout to a company, you must provide company registration code (or EIN for US-based companies). If your company is VAT liable, please also fill in your company’s VAT number.

Fortumo supports the following payment methods: bank transfer, Paypal or Skrill. Transaction fees for each option are listed on the Payout configuration page.

When you have filled in all the necessary details, save them by clicking on Submit. After that you also need to confirm the settings or changes by clicking on Confirm. Once your Payout Configuration is confirmed you are ready to receive payouts.

Fortumo payouts are done in euros (EUR). Please make sure your bank account can receive euros.

If your company is registered in a low tax territory, we need to obtain some additional documents from you before your first payout. Detailed information will be sent to you via e-mail after you fill in the payout configuration page. Please be ready to send us a copy of the document proving that your company is registered and operates in that country, issued within 6 months before your first payout. The document needs to include the following information:

  • legal name of the company,
  • location and address,
  • registration number of the legal entity,
  • the board members' names,
  • the main field of business,
  • ultimate beneficiaries,
  • the name of the issuing authority and date issued.
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